diff --git a/Changelog.yaml b/Changelog.yaml
index b4b3b44ddb..425a09be6d 100644
--- a/Changelog.yaml
+++ b/Changelog.yaml
@@ -5,7 +5,7 @@
 # for important features/bug fixes.
 # Also, each release can have new and improved recipes.
 
-- version: 5.0.0
+- version: 5.0.1
   date: 2020-09-25
 
   new features:
@@ -28,6 +28,9 @@
 
     - title: "Regular expression engine used for searching the book list and reading metadata from filenames has been made more powerful."
 
+  bug fixes:
+    - "Version 5.0.1 fixes a bug in 5.0.0 that broke connecting to devices on macOS"
+
 
 - version: 4.23.0
   date: 2020-08-21
diff --git a/src/calibre/constants.py b/src/calibre/constants.py
index c30469a79e..500eaae9f6 100644
--- a/src/calibre/constants.py
+++ b/src/calibre/constants.py
@@ -5,7 +5,7 @@ from polyglot.builtins import map, unicode_type, environ_item, hasenv, getenv, a
 import sys, locale, codecs, os, importlib, collections
 
 __appname__   = 'calibre'
-numeric_version = (5, 0, 0)
+numeric_version = (5, 0, 1)
 __version__   = '.'.join(map(unicode_type, numeric_version))
 git_version   = None
 __author__    = "Kovid Goyal <kovid@kovidgoyal.net>"